PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
REET vs. ICF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

REET vs. ICF

Last updated Jun 4, 2026

REET (iShares Global REIT ETF) and ICF (iShares Cohen & Steers REIT ETF) are both REIT funds from iShares - REET tracks the FTSE EPRA/NAREIT Global REIT Index while ICF tracks the Cohen & Steers Realty Majors Index. Both are passively managed. Over the past 10 years, REET returned 3.99%/yr vs 5.54%/yr for ICF. Their correlation of 0.92 suggests significant overlap in exposure. REET charges 0.14%/yr vs 0.34%/yr for ICF.

Performance

REET vs. ICF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global REIT ETF (REET) and iShares Cohen & Steers REIT ETF (ICF). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, REET achieves a 8.07% return, which is significantly lower than ICF's 12.19% return. Over the past 10 years, REET has underperformed ICF with an annualized return of 3.99%, while ICF has yielded a comparatively higher 5.54% annualized return.

REET

1D
-0.15%
1M
-0.74%
YTD
8.07%
6M
7.69%
1Y
12.24%
3Y*
9.19%
5Y*
2.22%
10Y*
3.99%

ICF

1D
0.17%
1M
-0.92%
YTD
12.19%
6M
11.56%
1Y
11.29%
3Y*
10.12%
5Y*
3.01%
10Y*
5.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

REET vs. ICF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
REET
iShares Global REIT ETF		8.07%7.97%2.65%10.28%-24.10%32.43%-10.48%24.42%-5.27%7.48%
ICF
iShares Cohen & Steers REIT ETF		12.19%1.85%5.30%10.36%-26.12%44.17%-5.43%25.48%-2.55%4.90%

Correlation

The correlation between REET and ICF is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Jul 11, 2014

0.92

The correlation between REET and ICF has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

REET vs. ICF - Sectors Allocation Comparison

Sectors
REET
ICF

Real Estate

99.8%
100.0%

Financial Services

0.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

REET
99.8%
ICF
100.0%

Financial Services

REET
0.2%
ICF

-

Basic Materials

REET

-

ICF

-

Communication Services

REET

-

ICF

-

Consumer Cyclical

REET

-

ICF

-

Consumer Defensive

REET

-

ICF

-

Energy

REET

-

ICF

-

Healthcare

REET

-

ICF

-

Industrials

REET

-

ICF

-

Technology

REET

-

ICF

-

Utilities

REET

-

ICF

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global REIT ETF

iShares Cohen & Steers REIT ETF

Often compared with REET:
REET vs. VNQREET vs. VNQIREET vs. XLREREET vs. USRTREET vs. SCHHREET vs. RWOREET vs. FREL
Often compared with ICF:
ICF vs. VNQICF vs. USRTICF vs. IYRICF vs. FRELICF vs. ICFIICF vs. SDIVICF vs. XLRE

Return for Risk

REET vs. ICF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REET
REET Risk / Return Rank: 2828
Overall Rank
REET Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
REET Sortino Ratio Rank: 2626
Sortino Ratio Rank
REET Omega Ratio Rank: 2727
Omega Ratio Rank
REET Calmar Ratio Rank: 2828
Calmar Ratio Rank
REET Martin Ratio Rank: 3232
Martin Ratio Rank
ICF
ICF Risk / Return Rank: 2525
Overall Rank
ICF Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ICF Sortino Ratio Rank: 2222
Sortino Ratio Rank
ICF Omega Ratio Rank: 2222
Omega Ratio Rank
ICF Calmar Ratio Rank: 2828
Calmar Ratio Rank
ICF Martin Ratio Rank: 2828
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

REET vs. ICF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) and iShares Cohen & Steers REIT ETF (ICF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

REETICFDifference
Sharpe ratioReturn per unit of total volatility
1.02
0.84

+0.18

Sortino ratioReturn per unit of downside risk
1.44
1.20

+0.25

Omega ratioGain probability vs. loss probability

1.18

1.15

+0.03

Calmar ratioReturn relative to maximum drawdown

1.36

1.38

-0.02

Martin ratioReturn relative to average drawdown

4.89

3.92

+0.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REET vs. ICF - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 1.02, which is comparable to the ICF Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of REET and ICF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

REETICFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

0.84

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.16

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

0.27

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.31

-0.07

Drawdowns

REET vs. ICF - Drawdown Comparison

The maximum REET drawdown since its inception was -44.59%, smaller than the maximum ICF drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for REET and ICF.

Loading charts...

Drawdown Indicators

REETICFDifference

Max Drawdown

Largest peak-to-trough decline

-44.59%

-76.74%

+32.15%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-8.20%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-17.25%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-32.11%

-34.74%

+2.63%

Max Drawdown (10Y)

Largest decline over 10 years

-44.59%

-40.22%

-4.37%

Current Drawdown

Current decline from peak

-2.83%

-2.67%

-0.16%

Average Drawdown

Average peak-to-trough decline

-9.79%

-14.18%

+4.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.88%

-0.37%

Volatility

REET vs. ICF - Volatility Comparison

iShares Global REIT ETF (REET) and iShares Cohen & Steers REIT ETF (ICF) have volatilities of 3.79% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

REETICFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.71%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

9.85%

-1.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.10%

13.57%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.95%

18.91%

-1.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.84%

20.58%

-1.74%

REET vs. ICF - Expense Ratio Comparison

REET has a 0.14% expense ratio, which is lower than ICF's 0.34% expense ratio.

Dividends

REET vs. ICF - Dividend Comparison

REET's dividend yield for the trailing twelve months is around 3.42%, more than ICF's 2.48% yield.

PositionTTM20252024202320222021202020192018201720162015
ICF
iShares Cohen & Steers REIT ETF		2.48%2.88%2.66%2.76%2.64%1.82%2.38%2.55%3.20%3.10%4.21%3.30%
REET
iShares Global REIT ETF		3.42%3.67%3.64%3.27%2.43%3.18%2.65%5.25%5.73%3.84%5.37%3.56%

Frequently Asked Questions

With a correlation of 0.91, REET and ICF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

REET has higher volatility (3.79%) compared to ICF (3.71%). In terms of maximum drawdown, REET dropped -44.59% vs ICF's -76.74%.

On 10-year performance, ICF leads with 5.54% vs 3.99% for REET. On fees, REET is cheaper at 0.14% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, ICF has performed better with a 5.54% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

REET is cheaper with a 0.14% expense ratio, compared with 0.34% for ICF.

REET has the higher dividend yield at 3.42%, compared with 2.48% for ICF.

REET tracks FTSE EPRA/NAREIT Global REIT Index, while ICF tracks Cohen & Steers Realty Majors Index. Their fees differ too: 0.14% for REET and 0.34% for ICF.

REET currently has the higher Sharpe Ratio (1.02 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for REET and ICF

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer